Julius Baer
From Wikipedia, the free encyclopedia
2 January 1857
German (1871–1907)
Swiss (1907–1922)
Julius Baer | |
|---|---|
.png) Swiss passport photo of Julius Baer issued in 1920 | |
| Founder and president of Julius Baer Group | |
| In office 1890 – 1922 (his death) | |
| Personal details | |
| Born | Isaac Baer 2 January 1857 |
| Died | 9 March 1922 (aged 65) |
| Citizenship | Badenian (1857–1871) German (1871–1907) Swiss (1907–1922) |
| Spouse |
Marie Ulrich (m. 1891) |
| Relations | Hans J. Baer (grandson) |
| Children | 3, including Richard J. Baer |
| Occupation | Banker and businessman |
Julius Baer (German: [bɛːɐ̯]; né Isaac Baer; born 2 January 1857 – 9 March 1922) was a German-born Swiss banker, businessman and philanthropist. Baer was the founder and namesake of Julius Baer Group, and the patriarch of the Baer family.[1]
Baer was born in Heidelsheim (today part of Bruchsal), Grand Duchy of Baden to Joseph (1816–1891) and Rosina (née Dreyfuss; 1819–1907) Baer, into a Jewish family. His father worked as private money lender and merchant of animal skins, while his mother was a homemaker. He was the second youngest of five siblings. Baer was educated at the Jewish School of Heidelsheim and completed a banking apprenticeship at Bankhaus August Gerstle in Augsburg from 1883 to 1885.[2]
Career
In 1886, he became a partner in the private bank Samuel Dukas & Co. in Basel, Switzerland. A position he continued to hold until 1896, when he was deployed by his brother-in-law Ludwig Hirschhorn, to Zurich. He became a partner in Bank Hirschhorn, Uhl & Bär, which existed since 1890, and is the ultimate predecessor of today's Julius Baer Group. Since 1901, the bank bore only his name, and was known as Julius Bär & Co., which became one of the leading Swiss private banks.[2][3]
He was on several board of directors including Lake Thun railway line, Südostbahn and Oerlikon-Bührle (1908–1922).
